Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$85.53 Consensus Target Price from Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$85.53.

BEI.UN has been the topic of several recent analyst reports. Royal Bank of Canada lowered their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Scotiabank lowered their price objective on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday, November 7th. TD Securities lowered their price objective on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Raymond James lowered their price objective on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research note on Monday, January 13th.

Boardwalk Real Estate Investment Trust Stock Down 0.3 %

Shares of TSE BEI.UN opened at C$62.65 on Monday. Boardwalk Real Estate Investment Trust has a 52 week low of C$60.27 and a 52 week high of C$91.81. The business has a 50-day simple moving average of C$65.06 and a two-hundred day simple moving average of C$74.63. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The company has a market cap of C$3.09 billion, a P/E ratio of 4.64, a P/E/G ratio of 1.24 and a beta of 1.76.

Boardwalk Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.44 annualized dividend and a dividend yield of 2.30%. Boardwalk Real Estate Investment Trust’s payout ratio is 10.66%.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other news, Director Scott Andrew Morrison acquired 650 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of C$64.76 per share, with a total value of C$42,094.98. Company insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.